Canaccord Genuity Maintains Buy on MicroStrategy, Raises Price Target to $791
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Joseph Vafi has maintained a Buy rating on MicroStrategy (NASDAQ:MSTR) and increased the price target from $670 to $791.
December 28, 2023 | 10:54 am
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Canaccord Genuity analyst Joseph Vafi reaffirmed a Buy rating on MicroStrategy and raised the price target to $791, indicating a positive outlook on the stock.
The increase in price target by Canaccord Genuity reflects a strong vote of confidence in MicroStrategy's future performance. This positive analyst action can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100